W.W. Grainger (NYSE:GWW – Free Report) had its price objective decreased by Royal Bank Of Canada from $1,460.00 to $1,428.00 in a research note released on Wednesday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the industrial products company’s stock.
Other analysts also recently issued research reports about the stock. DA Davidson began coverage on shares of W.W. Grainger in a report on Tuesday, June 16th. They issued a “neutral” rating and a $1,250.00 price objective for the company. Wolfe Research raised W.W. Grainger from an “underperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Wall Street Zen cut W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Finally, Barclays cut their target price on shares of W.W. Grainger from $1,171.00 to $1,166.00 and set an “underweight” rating on the stock in a report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,271.75.
View Our Latest Analysis on W.W. Grainger
W.W. Grainger Stock Down 0.4%
W.W. Grainger (NYSE:GWW – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.30 by $0.71. W.W. Grainger had a net margin of 9.92% and a return on equity of 48.73%. The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same period in the prior year, the firm posted $9.97 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. W.W. Grainger has set its FY 2026 guidance at 45.500-47.250 EPS. On average, sell-side analysts predict that W.W. Grainger will post 46 EPS for the current year.
W.W. Grainger Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be given a dividend of $2.49 per share. This represents a $9.96 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, August 10th. W.W. Grainger’s dividend payout ratio (DPR) is currently 26.79%.
Insider Activity
In other news, SVP Jonny M. Leroy sold 854 shares of W.W. Grainger stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,231.06, for a total value of $1,051,325.24. Following the completion of the sale, the senior vice president owned 1,554 shares of the company’s stock, valued at $1,913,067.24. The trade was a 35.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Laurie R. Thomson sold 313 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,231.69, for a total value of $385,518.97. Following the completion of the transaction, the vice president owned 399 shares of the company’s stock, valued at $491,444.31. The trade was a 43.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,624 shares of company stock valued at $3,232,291 over the last 90 days. Insiders own 6.30% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of GWW. Miller Capital Partners Inc. acquired a new position in W.W. Grainger during the fourth quarter worth approximately $26,000. MV Capital Management Inc. acquired a new position in shares of W.W. Grainger in the 4th quarter valued at $28,000. Elyxium Wealth LLC purchased a new stake in shares of W.W. Grainger during the 4th quarter valued at $30,000. Elevation Wealth Partners LLC grew its stake in shares of W.W. Grainger by 420.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 26 shares of the industrial products company’s stock valued at $35,000 after buying an additional 21 shares during the period. Finally, Caitlin John LLC acquired a new stake in shares of W.W. Grainger during the 4th quarter worth $35,000. Institutional investors and hedge funds own 80.70% of the company’s stock.
About W.W. Grainger
W.W. Grainger, Inc (NYSE: GWW) is an industrial supply distributor founded in 1927 and headquartered in Lake Forest, Illinois. The company supplies maintenance, repair and operations (MRO) products and services to businesses, institutions and government customers. Over its long history Grainger has developed a broad product assortment and a national distribution network that supports operations across a range of end markets, including manufacturing, healthcare, hospitality, transportation and public sector organizations.
Grainger’s product portfolio spans core categories such as electrical and lighting, safety and personal protective equipment, material handling, motors and power transmission, plumbing and HVAC, fasteners and adhesives, hand and power tools, and janitorial and facility supplies.
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